13 Most Profitable Real Estate Stocks Now

5. Digital Realty Trust, Inc. (NYSE:DLR)

Number of Hedge Fund Holders: 44

5 Year Net Income Growth: 28.87%

Digital Realty Trust, Inc. (NYSE:DLR) is a real estate investment trust that owns, operates, and invests in carrier-neutral data centers. The company supports leading enterprises and service providers and delivers the full spectrum of data center, colocation, and interconnection solutions. The firm was incorporated in Maryland in March 2004.

Digital Realty Trust, Inc. (NYSE:DLR) has an extensive footprint with its global data center platform delivering value and security in six continents, over 25 countries, and more than 50 global metros. The growth pattern for the firm has also been strong with 20 years of consecutive revenue growth. The firm’s leading data center platform benefits from the growing global demand from a diversified customer base while digital transformation is expected to drive a stronger demand.

Digital Realty Trust, Inc. (NYSE:DLR) recently marked one of the top quarters in its history with $164 million of new leasing executed in Q2. With record new log-ins and near-record bookings in each of the zero-to-one-megawatt and interconnection categories, the company also recorded one of the strongest quarters ever in the zero-to-one-megawatt plus interconnection segment.

Digital Realty Trust, Inc. (NYSE:DLR) is set to expand and grow its business based on a favorable demand environment for data center capacity, especially for larger capacity blocks in its core markets. The company expects to accelerate top-line and bottom-line growth for the remainder of 2024. Therefore, Digital Realty Trust is another profitable real estate stock.